Buy Motherson Sumi Wiring India, target price Rs 80: Motilal Oswal

Motilal Oswal has buy call on Motherson Sumi Wiring India with a target price of Rs 80. The current market price of Motherson Sumi Wiring India is Rs 69.74.

Motherson Sumi Wiring India Ltd., incorporated in the year 2020, is a Small Cap company (having a market cap of Rs 30731.12 Crore) operating in Auto Ancillaries sector.

Motherson Sumi Wiring India Ltd. key Products/Revenue Segments include Cables & Wires, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 2237.00 Crore, up 5.60 % from last quarter Total Income of Rs 2118.35 Crore and up 19.17 % from last year same quarter Total Income of Rs 1877.14 Crore. Company reported net profit after tax of Rs 191.44 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 61.73 per cent stake in the company as of 31-Mar-2024, while FIIs owned 10.96 per cent, DIIs 16.22 per cent.